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Lemonade (LMND) Financials

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$26.88 +0.53 (+2.01%)
As of 04/14/2025 03:58 PM Eastern
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Annual Income Statements for Lemonade

Annual Income Statements for Lemonade

This table shows Lemonade's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -53 -109 -122 -241 -298 -237 -202
Consolidated Net Income / (Loss)		 -53 -109 -122 -241 -298 -237 -202
Net Income / (Loss) Continuing Operations		 -53 -109 -122 -241 -298 -237 -202
Total Pre-Tax Income 		-53 -108 -121 -234 -295 -230 -204
Total Revenue		 23 67 94 128 257 430 527
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 23 67 94 128 257 430 527
Trust Fees by Commissions		 0.00 0.00 15 45 64 70 91
Other Service Charges		 0.00 0.10 0.30 4.60 12 20 31
Net Realized & Unrealized Capital Gains on Investments		 1.30 3.40 1.50 1.90 8.40 25 34
Premiums Earned		 21 64 77 77 172 315 371
Total Non-Interest Expense		 75 175 215 362 552 660 730
Marketing Expense		 46 98 100 193 218 191 252
Property & Liability Insurance Claims		 15 46 55 72 167 280 277
Other Operating Expenses		 14 31 61 97 166 189 201
Income Tax Expense		 0.30 0.60 1.50 7.70 3.00 7.10 -1.70
Basic Earnings per Share		 ($4.84) ($9.75) ($3.63) ($3.94) ($4.59) ($3.40) ($2.85)
Weighted Average Basic Shares Outstanding		 10.93M 11.12M 33.65M 61.22M 64.92M 69.66M 71.02M
Diluted Earnings per Share		 ($4.84) ($9.75) ($3.63) ($3.94) ($4.59) ($3.40) ($2.85)
Weighted Average Diluted Shares Outstanding		 10.93M 11.12M 33.65M 61.22M 64.92M 69.66M 71.02M
Weighted Average Basic & Diluted Shares Outstanding		 10.93M 11.12M 33.65M 61.69M 69.30M 70.22M 72.82M

Quarterly Income Statements for Lemonade

This table shows Lemonade's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -91 -64 -66 -67 -62 -42 -47 -57 -68 -30
Consolidated Net Income / (Loss)		 -91 -64 -66 -67 -62 -42 -47 -57 -68 -30
Net Income / (Loss) Continuing Operations		 -91 -64 -66 -67 -62 -42 -47 -57 -68 -30
Total Pre-Tax Income 		-89 -68 -65 -66 -60 -40 -45 -55 -66 -38
Total Revenue		 74 88 95 105 115 116 119 122 137 149
Total Non-Interest Income		 74 88 95 105 115 116 119 122 137 149
Trust Fees by Commissions		 17 18 17 18 17 18 21 17 24 30
Other Service Charges		 3.90 3.80 4.80 5.00 4.20 6.10 6.10 8.10 8.00 8.60
Net Realized & Unrealized Capital Gains on Investments		 2.60 3.70 5.00 5.60 7.00 7.10 7.60 8.10 8.90 9.40
Premiums Earned		 51 63 68 77 87 84 84 89 96 101
Total Non-Interest Expense		 163 157 160 171 174 155 164 177 202 187
Marketing Expense		 57 51 50 49 46 46 51 58 73 70
Property & Liability Insurance Claims		 53 62 64 76 76 65 66 71 78 63
Other Operating Expenses		 53 44 46 46 52 45 47 49 51 54
Income Tax Expense		 2.30 -4.40 1.10 1.30 1.90 2.80 2.10 2.10 1.90 -7.80
Basic Earnings per Share		 ($1.37) ($0.91) ($0.95) ($0.97) ($0.88) ($0.60) ($0.67) ($0.81) ($0.95) ($0.42)
Weighted Average Basic Shares Outstanding		 66.88M 64.92M 69.33M 69.53M 69.75M 69.66M 70.28M 70.72M 71.14M 71.02M
Diluted Earnings per Share		 ($1.37) ($0.91) ($0.95) ($0.97) ($0.88) ($0.60) ($0.67) ($0.81) ($0.95) ($0.42)
Weighted Average Diluted Shares Outstanding		 66.88M 64.92M 69.33M 69.53M 69.75M 69.66M 70.28M 70.72M 71.14M 71.02M
Weighted Average Basic & Diluted Shares Outstanding		 69.16M 69.30M 69.49M 69.69M 69.92M 70.22M 70.50M 71.03M 71.40M 72.82M

Annual Cash Flow Statements for Lemonade

This table details how cash moves in and out of Lemonade's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 86 168 301 -301 16 -15 114
Net Cash From Operating Activities		 -41 -78 -92 -145 -163 -119 -11
Net Cash From Continuing Operating Activities		 -41 -78 -92 -145 -163 -119 -11
Net Income / (Loss) Continuing Operations		 -53 -109 -122 -241 -298 -237 -202
Consolidated Net Income / (Loss)		 -53 -109 -122 -241 -298 -237 -202
Provision For Loan Losses		 0.00 0.90 2.20 6.20 8.70 8.10 11
Depreciation Expense		 0.10 0.60 1.70 3.70 12 20 20
Amortization Expense		 0.00 -0.50 -0.40 -4.20 6.70 -2.60 -6.10
Non-Cash Adjustments to Reconcile Net Income		 2.30 4.30 23 44 59 64 65
Changes in Operating Assets and Liabilities, net		 9.70 25 4.20 47 48 29 101
Net Cash From Investing Activities		 6.40 -54 50 -805 181 89 41
Net Cash From Continuing Investing Activities		 6.40 -54 50 -805 181 89 41
Purchase of Property, Leasehold Improvements and Equipment		 -0.70 -2.70 -4.40 -9.40 -10 -9.20 -9.40
Purchase of Investment Securities		 -14 -73 -18 -843 -171 -395 -364
Sale and/or Maturity of Investments		 21 22 72 47 363 493 414
Net Cash From Financing Activities		 120 300 341 650 3.60 15 88
Net Cash From Continuing Financing Activities		 120 300 341 650 3.60 15 88
Issuance of Debt		 - - - 0.00 0.00 19 96
Repayment of Debt		 0.00 - 1.30 0.00 0.00 -4.20 -28
Other Financing Activities, Net		 0.10 0.70 1.80 9.30 3.60 0.50 19
Effect of Exchange Rate Changes		 0.00 -0.10 1.60 -1.00 -5.80 0.00 -2.70
Cash Interest Paid		 - - - 0.00 0.00 0.30 5.00
Cash Income Taxes Paid		 0.20 0.50 1.60 3.20 3.40 0.70 2.50

Quarterly Cash Flow Statements for Lemonade

This table details how cash moves in and out of Lemonade's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 25 62 -32 -61 44 33 14 65 -12 48
Net Cash From Operating Activities		 -55 -29 -46 -50 -6.30 -16 -30 -12 16 14
Net Cash From Continuing Operating Activities		 -55 -29 -46 -50 -6.30 -16 -30 -12 17 14
Net Income / (Loss) Continuing Operations		 -91 -64 -66 -67 -62 -42 -47 -57 -68 -30
Consolidated Net Income / (Loss)		 -91 -64 -66 -67 -62 -42 -47 -57 -68 -30
Provision For Loan Losses		 2.80 2.30 2.30 1.60 2.10 2.10 3.20 2.10 2.60 3.10
Depreciation Expense		 3.70 5.40 5.10 5.10 5.00 4.80 5.00 5.20 5.10 4.70
Amortization Expense		 1.30 0.80 0.20 -0.20 -1.30 -1.30 -1.30 -1.50 -1.70 -1.60
Non-Cash Adjustments to Reconcile Net Income		 16 16 15 15 19 14 15 15 17 17
Changes in Operating Assets and Liabilities, net		 13 11 -3.60 -4.40 30 6.40 -4.30 24 61 20
Net Cash From Investing Activities		 81 88 15 -11 44 41 31 61 -54 2.50
Net Cash From Continuing Investing Activities		 81 88 15 -11 44 41 31 61 -54 2.50
Purchase of Property, Leasehold Improvements and Equipment		 -2.90 -2.60 -2.70 -1.90 -2.20 -2.40 -2.50 -1.50 -2.20 -3.20
Purchase of Investment Securities		 -21 -32 -126 -145 -90 -35 -55 -113 -123 -74
Sale and/or Maturity of Investments		 105 123 144 136 136 78 88 176 71 79
Net Cash From Financing Activities		 2.30 0.30 0.10 0.20 7.90 7.20 14 16 24 35
Net Cash From Continuing Financing Activities		 2.30 0.30 0.10 0.20 7.90 7.20 14 16 24 35
Issuance of Debt		 - - 0.00 - 9.30 9.80 18 22 31 26
Repayment of Debt		 - - 0.00 - -1.60 -2.60 -4.10 -6.60 -7.30 -9.70
Other Financing Activities, Net		 2.30 0.30 0.10 0.20 0.20 - 0.10 - 0.10 19
Effect of Exchange Rate Changes		 -2.80 2.30 -0.70 - -1.00 1.70 -0.90 -0.70 2.30 -3.40
Cash Interest Paid		 - - 0.00 - 0.10 0.20 0.50 0.80 1.10 2.60
Cash Income Taxes Paid		 0.70 - 0.20 0.10 0.30 0.10 0.30 0.90 0.80 0.50

Annual Balance Sheets for Lemonade

This table presents Lemonade's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Total Assets		 414 829 1,511 1,691 1,633 1,849
Cash and Due from Banks		 270 571 271 287 272 386
Time Deposits Placed and Other Short-Term Investments		 - - - 100 46 28
Trading Account Securities		 5.90 6.60 691 650 627 607
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 3.10 5.70 12 20 17 16
Unearned Premiums Asset		 75 226 366 501 557 725
Deferred Acquisition Cost		 1.80 3.50 6.20 6.90 8.80 12
Goodwill		 - - 0.00 19 19 19
Intangible Assets		 0.60 0.60 0.60 33 23 14
Other Assets		 57 15 164 75 64 42
Total Liabilities & Shareholders' Equity		 414 829 1,511 1,691 1,633 1,849
Total Liabilities		 117 288 522 824 924 1,256
Short-Term Debt		 - - - 0.00 15 83
Claims and Claim Expense		 28 46 98 256 262 298
Unearned Premiums Liability		 68 137 226 306 377 479
Other Long-Term Liabilities		 20 105 198 261 270 395
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -183 541 988 867 709 593
Total Preferred & Common Equity		 -183 541 988 867 709 593
Total Common Equity		 -183 541 988 867 709 593
Common Stock		 16 860 1,554 1,754 1,815 1,898
Retained Earnings		 -198 -321 -562 -860 -1,097 -1,299
Accumulated Other Comprehensive Income / (Loss)		 0.10 1.80 -3.40 -28 -9.00 -6.10

Quarterly Balance Sheets for Lemonade

This table presents Lemonade's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 1,713 1,641 1,613 1,648 1,646 1,714 1,823
Cash and Due from Banks		 225 255 194 238 285 350 338
Time Deposits Placed and Other Short-Term Investments		 - - 71 73 22 44 31
Trading Account Securities		 693 649 677 633 620 537 610
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 19 20 19 17 17 16 16
Unearned Premiums Asset		 369 345 529 565 612 681 742
Deferred Acquisition Cost		 7.60 6.90 6.60 8.10 9.80 11 12
Goodwill		 11 19 19 19 19 19 19
Intangible Assets		 36 30 28 25 21 18 16
Other Assets		 352 318 70 68 41 37 39
Total Liabilities & Shareholders' Equity		 1,713 1,641 1,613 1,648 1,646 1,714 1,823
Total Liabilities		 806 819 842 921 970 1,079 1,230
Short-Term Debt		 - - - 7.70 28 44 67
Claims and Claim Expense		 221 245 256 255 264 282 294
Unearned Premiums Liability		 319 319 335 392 398 427 496
Other Long-Term Liabilities		 267 256 251 266 280 325 373
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 907 822 771 727 676 635 593
Total Preferred & Common Equity		 907 822 771 727 676 635 593
Total Common Equity		 907 822 771 727 676 635 593
Common Stock		 1,738 1,770 1,785 1,800 1,830 1,845 1,862
Retained Earnings		 -796 -926 -993 -1,054 -1,144 -1,201 -1,269
Accumulated Other Comprehensive Income / (Loss)		 -35 -22 -21 -19 -9.20 -8.60 -0.10

Annual Metrics and Ratios for Lemonade

This table displays calculated financial ratios and metrics derived from Lemonade's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 199.11% 40.27% 36.02% 99.92% 67.43% 22.50%
EBITDA Growth		 0.00% -105.33% -10.85% -95.90% -17.86% 23.02% 10.55%
EBIT Growth		 0.00% -105.13% -11.96% -93.38% -26.20% 22.05% 11.27%
NOPAT Growth		 0.00% -105.13% -11.96% -93.38% -26.20% 22.05% 11.27%
Net Income Growth		 0.00% -105.10% -12.72% -97.30% -23.41% 20.45% 14.65%
EPS Growth		 0.00% -101.45% 62.77% -8.54% -16.50% 25.93% 16.18%
Operating Cash Flow Growth		 0.00% -91.42% -17.41% -57.69% -12.72% 26.93% 90.43%
Free Cash Flow Firm Growth		 0.00% 0.00% 12.16% -86.27% 86.09% 78.98% -436.00%
Invested Capital Growth		 0.00% 0.00% 81.73% 82.66% -12.29% -16.50% -6.49%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 19.00% 22.65% 6.73% 6.75%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -18.83% 2.82% 10.83% 0.73%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -17.62% 0.10% 11.03% 0.88%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -17.62% 0.10% 11.03% 0.88%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -17.76% 2.17% 8.25% 5.78%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -328.26% 4.97% 8.36% 5.94%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -3.38% -25.30% 11.56% 9.50% 72.40%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -29.97% -107.43% -37.17%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -5.71% -4.41% -1.47% 2.48%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 -233.33% -160.18% -126.59% -182.32% -107.48% -49.42% -36.09%
EBIT Margin		 -233.78% -160.33% -127.97% -181.93% -114.84% -53.47% -38.73%
Profit (Net Income) Margin		 -235.11% -161.22% -129.56% -187.93% -116.01% -55.12% -38.40%
Tax Burden Percent		 100.57% 100.56% 101.24% 103.30% 101.02% 103.09% 99.17%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -50.74% -20.16% -21.39% -22.25% -20.23% -20.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -1,040.90% -141.38%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% -9.84% -10.67%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% -30.07% -31.05%
Cash Return on Invested Capital (CROIC)		 0.00% -250.74% -78.18% -79.87% -9.16% -2.25% -13.67%
Operating Return on Assets (OROA)		 0.00% -26.04% -19.44% -19.97% -18.42% -13.83% -11.71%
Return on Assets (ROA)		 0.00% -26.19% -19.68% -20.63% -18.61% -14.25% -11.61%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% -30.07% -31.05%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 59.45% -22.61% -24.42% -34.36% -33.42% -34.07%
Net Operating Profit after Tax (NOPAT)		 -37 -76 -85 -164 -206 -161 -143
NOPAT Margin		 -163.64% -112.23% -89.58% -127.35% -80.39% -37.43% -27.11%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 1,020.67% 121.00%
SG&A Expenses to Revenue		 206.22% 146.06% 105.72% 150.62% 84.89% 44.37% 47.88%
Operating Expenses to Revenue		 333.78% 260.33% 227.97% 281.93% 214.84% 153.47% 138.73%
Earnings before Interest and Taxes (EBIT)		 -53 -108 -121 -234 -295 -230 -204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -53 -108 -120 -234 -276 -212 -190
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 12.81 2.63 1.09 1.59 4.41
Price to Tangible Book Value (P/TBV)		 0.00 0.00 12.83 2.63 1.16 1.69 4.67
Price to Revenue (P/Rev)		 14.18 4.74 73.44 20.21 3.69 2.62 4.97
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.78 11.76 2.35 0.65 1.14 3.38
Enterprise Value to Revenue (EV/Rev)		 0.00 7.86 67.38 18.10 2.18 1.92 4.35
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.02 0.14
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.01 0.08
Leverage Ratio		 0.00 1.39 1.48 1.53 1.73 2.11 2.67
Compound Leverage Factor		 0.00 1.39 1.48 1.53 1.73 2.11 2.67
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 2.06% 12.32%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 2.06% 12.32%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 161.30% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -61.30% 100.00% 100.00% 100.00% 97.94% 87.68%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.07 -0.44
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 1.42 1.74
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.09 -0.58
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.88 2.31
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 161.30% 57.26% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -373 -328 -611 -85 -18 -96
Operating Cash Flow to CapEx		 -5,828.57% -2,892.59% -2,084.09% -1,538.30% -1,613.86% -1,294.57% -121.28%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.16 0.15 0.11 0.16 0.26 0.30
Fixed Asset Turnover		 0.00 21.71 21.45 14.76 16.40 23.23 31.43
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 298 541 988 867 724 677
Invested Capital Turnover		 0.00 0.45 0.23 0.17 0.28 0.54 0.75
Increase / (Decrease) in Invested Capital		 0.00 298 243 447 -121 -143 -47
Enterprise Value (EV)		 0.00 529 6,361 2,325 560 825 2,289
Market Capitalization		 319 319 6,932 2,595 946 1,128 2,619
Book Value per Share		 $0.00 ($16.41) $9.56 $16.04 $12.53 $10.14 $8.31
Tangible Book Value per Share		 $0.00 ($16.46) $9.55 $16.03 $11.79 $9.54 $7.85
Total Capital		 0.00 298 541 988 867 724 677
Total Debt		 0.00 0.00 0.00 0.00 0.00 15 83
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -270 -571 -271 -386 -302 -330
Capital Expenditures (CapEx)		 0.70 2.70 4.40 9.40 10 9.20 9.40
Net Nonoperating Expense (NNE)		 16 33 38 78 91 76 59
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 15 83
Total Depreciation and Amortization (D&A)		 0.10 0.10 1.30 -0.50 19 17 14
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($3.63) ($3.94) ($4.59) ($3.40) ($2.85)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 61.28M 61.22M 64.92M 69.66M 71.02M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($3.63) ($3.94) ($4.59) ($3.40) ($2.85)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 61.28M 61.22M 64.92M 69.66M 71.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($3.63) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 33.65M 61.69M 69.30M 70.22M 72.82M
Normalized Net Operating Profit after Tax (NOPAT)		 -37 -76 -85 -164 -206 -161 -143
Normalized NOPAT Margin		 -163.64% -112.23% -89.58% -127.35% -80.39% -37.43% -27.11%
Pre Tax Income Margin		 -233.78% -160.33% -127.97% -181.93% -114.84% -53.47% -38.73%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Lemonade

This table displays calculated financial ratios and metrics derived from Lemonade's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 107.28% 115.61% 114.90% 109.20% 54.73% 30.66% 25.11% 16.63% 19.30% 28.83%
EBITDA Growth		 -29.58% 11.44% 13.41% 0.49% 33.53% 41.68% 30.13% 15.74% -11.63% 3.88%
EBIT Growth		 -38.79% 0.44% 10.88% -1.38% 33.11% 41.85% 30.14% 16.39% -10.40% 4.55%
NOPAT Growth		 -38.79% 0.44% 10.88% -1.38% 33.11% 41.85% 30.14% 16.39% -10.40% 4.55%
Net Income Growth		 -37.65% 9.39% 12.03% 1.03% 32.71% 33.44% 28.12% 14.88% -10.08% 29.25%
EPS Growth		 -26.85% 20.87% 21.49% 11.82% 35.77% 34.07% 29.47% 16.49% -7.95% 30.00%
Operating Cash Flow Growth		 -43.19% 42.69% -17.47% -25.12% 88.48% 43.71% 35.78% 76.74% 358.73% 185.71%
Free Cash Flow Firm Growth		 115.05% 114.89% -74.69% -84.56% 65.52% 56.35% 87.37% 66.81% -78.43% -82.18%
Invested Capital Growth		 -13.47% -12.29% -9.96% -9.20% -18.99% -16.50% -14.25% -11.92% -10.10% -6.49%
Revenue Q/Q Growth		 48.00% 19.46% 7.69% 9.87% 9.46% 0.87% 3.12% 2.43% 11.97% 8.93%
EBITDA Q/Q Growth		 -37.19% 26.40% 4.04% -2.69% 8.36% 35.42% -14.96% -23.86% -21.40% 44.39%
EBIT Q/Q Growth		 -37.08% 23.57% 4.99% -1.85% 9.56% 33.56% -14.14% -21.90% -19.42% 42.55%
NOPAT Q/Q Growth		 -37.08% 23.57% 4.99% -1.85% 9.56% 33.56% -14.14% -21.90% -19.42% 42.55%
Net Income Q/Q Growth		 -34.61% 30.31% -3.30% -2.13% 8.48% 31.06% -11.56% -20.93% -18.36% 55.69%
EPS Q/Q Growth		 -24.55% 33.58% -4.40% -2.11% 9.28% 31.82% -11.67% -20.90% -17.28% 55.79%
Operating Cash Flow Q/Q Growth		 -36.07% 47.71% -62.24% -8.41% 87.48% -155.56% -85.09% 60.74% 239.32% -15.34%
Free Cash Flow Firm Q/Q Growth		 -61.92% -6.47% -38.14% -29.91% 308.13% -11.65% -25.87% -37.60% -47.23% -27.01%
Invested Capital Q/Q Growth		 6.80% -4.41% -5.19% -6.18% -4.72% -1.47% -2.64% -3.63% -2.75% 2.48%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -113.65% -70.02% -62.40% -58.32% -48.82% -31.26% -34.84% -42.13% -45.68% -23.32%
EBIT Margin		 -120.41% -77.04% -67.96% -63.00% -52.05% -34.29% -37.95% -45.16% -48.17% -25.40%
Profit (Net Income) Margin		 -123.51% -72.06% -69.12% -64.24% -53.71% -36.71% -39.71% -46.89% -49.56% -20.16%
Tax Burden Percent		 102.58% 93.54% 101.70% 101.97% 103.19% 107.07% 104.65% 103.81% 102.89% 79.37%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -18.05% -14.92% -16.87% -19.72% -17.88% -12.97% -15.79% -20.54% -23.84% -13.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% -531.64% -210.02% -126.46% -105.42% -81.47% -20.57%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% -2.51% -1.99% -2.39% -3.29% -4.64% -1.55%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% -20.38% -14.96% -18.18% -23.83% -28.48% -14.92%
Cash Return on Invested Capital (CROIC)		 -6.69% -9.16% -12.68% -15.23% -1.05% -2.25% -3.95% -6.59% -10.01% -13.67%
Operating Return on Assets (OROA)		 -15.58% -12.35% -13.33% -14.85% -12.48% -8.87% -10.47% -12.79% -13.69% -7.68%
Return on Assets (ROA)		 -15.98% -11.56% -13.56% -15.14% -12.87% -9.49% -10.96% -13.28% -14.09% -6.10%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% -20.38% -14.96% -18.18% -23.83% -28.48% -14.92%
Return on Equity Simple (ROE_SIMPLE)		 -33.57% 0.00% -35.14% -37.37% -35.52% 0.00% -32.29% -32.81% -36.19% 0.00%
Net Operating Profit after Tax (NOPAT)		 -62 -48 -45 -46 -42 -28 -32 -39 -46 -26
NOPAT Margin		 -84.28% -53.93% -47.57% -44.10% -36.44% -24.00% -26.57% -31.61% -33.72% -17.78%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 513.77% 197.05% 110.67% 84.87% 57.63% 7.20%
SG&A Expenses to Revenue		 77.30% 57.35% 52.52% 46.75% 40.35% 39.48% 43.07% 47.54% 53.66% 46.71%
Operating Expenses to Revenue		 220.41% 177.04% 167.96% 163.00% 152.05% 134.29% 137.95% 145.16% 148.17% 125.40%
Earnings before Interest and Taxes (EBIT)		 -89 -68 -65 -66 -60 -40 -45 -55 -66 -38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -84 -62 -59 -61 -56 -36 -42 -51 -62 -35
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.61 1.09 1.20 1.52 1.11 1.59 1.70 1.83 1.98 4.41
Price to Tangible Book Value (P/TBV)		 1.70 1.16 1.28 1.62 1.19 1.69 1.81 1.95 2.10 4.67
Price to Revenue (P/Rev)		 6.98 3.69 3.21 3.23 2.01 2.62 2.54 2.47 2.37 4.97
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.36 0.65 0.89 1.17 0.69 1.14 1.24 1.20 1.32 3.38
Enterprise Value to Revenue (EV/Rev)		 5.90 2.18 2.38 2.50 1.26 1.92 1.93 1.73 1.76 4.35
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.01 0.02 0.04 0.07 0.11 0.14
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.03 0.06 0.08
Leverage Ratio		 1.65 1.73 1.81 1.90 2.06 2.11 2.19 2.37 2.63 2.67
Compound Leverage Factor		 1.65 1.73 1.81 1.90 2.06 2.11 2.19 2.37 2.63 2.67
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.05% 2.06% 4.02% 6.46% 10.21% 12.32%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.05% 2.06% 4.02% 6.46% 10.21% 12.32%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 98.95% 97.94% 95.98% 93.54% 89.79% 87.68%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.03 -0.07 -0.15 -0.24 -0.35 -0.44
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 1.28 1.42 1.43 1.89 1.58 1.74
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.04 -0.09 -0.19 -0.31 -0.47 -0.58
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 1.68 1.88 1.90 2.50 2.09 2.31
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 79 74 46 32 130 115 85 53 28 21
Operating Cash Flow to CapEx		 -1,886.21% -1,100.00% -1,718.52% -2,647.37% -286.36% -670.83% -1,192.00% -780.00% 740.91% 431.25%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.13 0.16 0.20 0.24 0.24 0.26 0.28 0.28 0.28 0.30
Fixed Asset Turnover		 14.00 16.40 18.76 22.50 22.07 23.23 24.52 26.69 29.53 31.43
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 907 867 822 771 735 724 705 679 660 677
Invested Capital Turnover		 0.21 0.28 0.35 0.45 0.49 0.54 0.59 0.65 0.71 0.75
Increase / (Decrease) in Invested Capital		 -141 -121 -91 -78 -172 -143 -117 -92 -74 -47
Enterprise Value (EV)		 1,235 560 733 906 506 825 873 813 870 2,289
Market Capitalization		 1,460 946 988 1,171 810 1,128 1,152 1,163 1,171 2,619
Book Value per Share		 $13.15 $12.53 $11.86 $11.10 $10.43 $10.14 $9.63 $9.01 $8.35 $8.31
Tangible Book Value per Share		 $12.48 $11.79 $11.15 $10.43 $9.80 $9.54 $9.07 $8.48 $7.86 $7.85
Total Capital		 907 867 822 771 735 724 705 679 660 677
Total Debt		 0.00 0.00 0.00 0.00 7.70 15 28 44 67 83
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -225 -386 -255 -265 -304 -302 -279 -350 -302 -330
Capital Expenditures (CapEx)		 2.90 2.60 2.70 1.90 2.20 2.40 2.50 1.50 2.20 3.20
Net Nonoperating Expense (NNE)		 29 16 21 21 20 15 16 19 22 3.54
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 7.70 15 28 44 67 83
Total Depreciation and Amortization (D&A)		 5.00 6.20 5.30 4.90 3.70 3.50 3.70 3.70 3.40 3.10
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.37) ($0.91) ($0.95) ($0.97) ($0.88) ($0.60) ($0.67) ($0.81) ($0.95) ($0.42)
Adjusted Weighted Average Basic Shares Outstanding		 66.88M 64.92M 69.33M 69.53M 69.75M 69.66M 70.28M 70.72M 71.14M 71.02M
Adjusted Diluted Earnings per Share		 ($1.37) ($0.91) ($0.95) ($0.97) ($0.88) ($0.60) ($0.67) ($0.81) ($0.95) ($0.42)
Adjusted Weighted Average Diluted Shares Outstanding		 66.88M 64.92M 69.33M 69.53M 69.75M 69.66M 70.28M 70.72M 71.14M 71.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 69.16M 69.30M 69.49M 69.69M 69.92M 70.22M 70.50M 71.03M 71.40M 72.82M
Normalized Net Operating Profit after Tax (NOPAT)		 -62 -48 -45 -46 -42 -28 -32 -39 -46 -26
Normalized NOPAT Margin		 -84.28% -53.93% -47.57% -44.10% -36.44% -24.00% -26.57% -31.61% -33.72% -17.78%
Pre Tax Income Margin		 -120.41% -77.04% -67.96% -63.00% -52.05% -34.29% -37.95% -45.16% -48.17% -25.40%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Lemonade's Financials

When does Lemonade's fiscal year end?

According to the most recent income statement we have on file, Lemonade's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Lemonade's net income changed over the last 6 years?

Lemonade's net income appears to be on an upward trend, with a most recent value of -$202.20 million in 2024, rising from -$52.90 million in 2018. The previous period was -$236.90 million in 2023.

How has Lemonade revenue changed over the last 6 years?

Over the last 6 years, Lemonade's total revenue changed from $22.50 million in 2018 to $526.50 million in 2024, a change of 2,240.0%.

How much debt does Lemonade have?

Lemonade's total liabilities were at $1.26 billion at the end of 2024, a 35.8% increase from 2023, and a 976.9% increase since 2019.

How much cash does Lemonade have?

In the past 5 years, Lemonade's cash and equivalents has ranged from $270.30 million in 2019 to $571.40 million in 2020, and is currently $385.70 million as of their latest financial filing in 2024.

How has Lemonade's book value per share changed over the last 6 years?

Over the last 6 years, Lemonade's book value per share changed from 0.00 in 2018 to 8.31 in 2024, a change of 831.0%.

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This page (NYSE:LMND) was last updated on 4/15/2025 by MarketBeat.com Staff
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